Home / Knowledge / News / Apparel/Garments / Bangladesh apparel exports surpass target in July 2014
Bangladesh apparel exports surpass target in July 2014
20
Aug '14
The exports of readymade garments from Bangladesh exceeded the target of US$ 2.465 billion set by the Government for the month of July 2014.

According to the latest report by the Export Promotion Bureau (EPB), Bangladesh’s apparel exports reached US$2.517 billion during the month of July 2014, with an increase of 2.1 percent over the target set for the month.

In July 2014, Bangladesh’s garment exports increased by 0.07 percent to US$2.517 billion, compared to exports of US$2.515 billion made in July 2013.

Segment-wise, woven apparel exports decreased by 4.14 percent to US $1.210 billion during July 2014, as compared to US $1.262 billion worth of exports made in July 2013, whereas knitwear exports increased by 4.32 percent to US $1.307 billion during July 2014, as compared to US $1.253 billion during July 2013.

Knitwear and woven garments together computed for about 84.4 percent of total US $ 2.982 billion worth exports made by the South Asian nation during the month of July 2014.

With the presence of more than 5,000 garment factories that together employ nearly 4.2 million workers, Bangladesh is currently the second-largest garment exporter in the world, next only to China.

To help continuation of the development of the garment industry, the Bangladesh Government has reduced the duty on flex fiber, a raw material used to make the fabrics bright, from 10 percent to 5 percent for fiscal year 2014-15 that began on July 1, 2014. Likewise, the duty on artificial staple fiber was also reduced to 3 percent from the earlier 5 percent.

Fibre2fashion News Desk-India

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search